Thursday, July 12, 2012

Europe: "The Final Countdown"

Spanish and Italian debt at record post-euro yields while GDP growth is at zero, refinancing needs equal to almost 30% of Italy's GDP coming up in 2013 (Italy borrowing at 6% to finance Spanish bailout needs at 3% does not help). 

France may be coming into the crosshairs soon enough. 

Could we be facing...


1 comment:

  1. What's the endgame in your view? Does the ECB finally cave and print trillions of euros?

    ReplyDelete